What began as a housing market bubble in the US has turned into a full-blown global financial crisis. Now the G20 leaders, who began their summit yesterday in Washington DC, will take a hard look at global capitalism and see how they might fix its cracks. They aren't sure how much they can do. And there is a sense of panic.
Leaders of the world's top20 economies met over the weekend in Washington DC to discuss the current global financial crisis at a time when free-market capitalism is under fire.
When the Burmese junta decided to jail the 14 pro-democracy leaders of the 1988 generation to 65 years old each, or in other word life sentence, it was clear that the junta leaders want to challenge the whole world community to respond. The junta leaders know full well for now on it could do anything to any person who is considered a threat. Indeed, the Rangoon leaders are getting stronger by the day and become even more dictatorial in its approach and suppression.
I have lived in this country for 17 years with my wife and we love to stay here for many reasons. I follow Thai political news in detail, especially over the last 7 years since Thaksin became prime minister.